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CVC Capital Partners Completes Its Acquisition of a Controlling Stake in Da Niang Dumpling Holdings (Asia)
Funds advised by private equity and investment advisory firm CVC Capital Partners have acquired a controlling stake in Da Niang Dumpling Holdings, a Chinese cuisine quick-service restaurant operator based in China, from the founder, Wu Guoqiang, who will remain as a shareholder. Da Niang operates a network of over 440 stores in 19 provinces across China and employs about 7,000… Read More
Capital Indigo Invests in Food Manufacturer Interdeli (Latin America)
Capital Indigo, a private equity firm focused on mid-market private equity and mezzanine debt investments in Mexico, has invested in Mexico-based specialty foods company Interdeli for a controlling stake. The transaction was structured through Indigo 1. Interdeli, which manufactures and supplies bakery products, prepared foods and dairy products, intends to use the new financing for company growth. Financial details of… Read More
The Carlyle Group Sells a 30 Percent Stake in General Lighting Company to Philips (MENA)
Global alternative asset manager The Carlyle Group has entered into a definitive agreement to sell its 30 percent stake in Saudi Arabia-based lighting fixture manufacturer General Lighting Company (GLC) to diversified health company Royal Philips. This is part of a larger transaction in which Philips has agreed to acquire a 51 percent stake in GLC for US$235 million from The… Read More
Enterprise Investors Acquires a 32.8 Percent Stake in Kayak Manufacturer Tahe Outdoors (CEE and C
Enterprise Investors has purchased a 32.8 percent stake in Estonia-based watersports company Tahe Outdoors for EUR3.4 million (approximately US$4.7 million). The transaction was structured through Enterprise Venture Fund I. Tahe Outdoors offers kayaks, canoes, paddles and related accessories under five brands. Read More
Gulf Capital-backed Gulf Marine Services Makes Debut on London Stock Exchange (MENA)
United Arab Emirates-based oil service vessel operator Gulf Marine Services (GMS), which is backed by alternative investment firm Gulf Capital, has debuted on the London Stock Exchange. The company priced its initial public offering at the bottom of a range it had offered investors, giving it a market capitalization of GBP472 million (approximately US$787 million). Through the offering, Gulf Capital… Read More
Kerogen Capital Invests in Oil and Gas Company Twinza Oil (Asia)
Private equity fund manager Kerogen Capital has invested AUD30 million (approximately US$27 million) in Twinza Oil, a company with oil and gas interests in Australia, Papua New Guinea and Thailand. The deal was structured as a new share subscription and gave Kerogen up to a 29 percent stake in Twinza. Twinza’s portfolio currently comprises a 100 percent operating interest in… Read More
HAO Capital Sells Shares in PAX Global Technology for US$44 Million (Asia)
China-focused private equity firm HAO Capital has sold its remaining 7.6 percent stake in Hong Kong-listed PAX Global Technology, an electronic fund transfer point-of-sale terminal supplier, for US$44 million. HAO’s realized proceeds total US$142 million on an original investment of US$30 million, bringing the gross multiple for the entire investment to a reported 4.7x. HAO, which first invested in the… Read More
Duet Group and Its Partners Invest US$50 Million in Two Consumer Companies in Ghana (Sub-Saharan Africa)
Alternative asset management firm Duet Group, through the creation of Duet Consumer West Africa Holdings (DCWA), has invested US$50 million to take controlling stakes in two Ghana-based companies: Shop N Save, a supermarket joint-venture with the founders of raw and processed agri-commodities distributor Finatrade Group, and GNFoods, a food manufacturing company. The new funding for these two companies will be… Read More
Kinea Investimentos to Buy a 20 Percent Stake in Clothing Store Lojas Avenida (Latin America)
Alternative investment management firm Kinea Investimentos has agreed to purchase a 20 percent stake in Brazil-based clothing store Lojas Avenida for BRL200 million (approximately US$84.5 million). Kinea has the option to double this stake within five years. Lojas Avenida operates 105 stores in various Brazilian cities and intends to use the capital injection to open 30 stores in 2014. The… Read More
L Capital Asia Buys a 51 Percent Stake in Restaurant and Club Operator Ku Dé Ta Group (Asia)
Private equity firm L Capital Asia, which is backed by LVMH Moët Hennessy Louis Vuitton, has acquired a majority stake in restaurant, club and lounge operator Ku Dé Ta Group, best known for its location in Singapore. The company, which recently opened a new location in Thailand and has secured venues in Hong Kong and France, intends to use the… Read More
Hamilton Lane Holds Final Close on First Brazil-dedicated Fund of Funds (Latin America)
Global private markets asset management firm Hamilton Lane has reached a final close on its Brazil-dedicated fund of funds, HL Brazil FIQFIP, with BRL150 million (approximately US$63.7 million) in capital commitments. Investors in the fund include Brazilian pension funds, multi-family offices and financial institutions. At the time of closing, the fund had already committed nearly BRL55.8 million (approximately US$23.7 million)… Read More
Emerging Capital Partners Invests in Atlas Bottling Corporation (MENA)
Emerging Capital Partners (ECP), a private equity firm focused on growth capital investing in Africa, has acquired a 33 percent stake in Atlas Bottling Corporation (ABC), the PepsiCo bottler of carbonated soft drinks in Algeria, as part of a US$80 million investment plan. The transaction involved a mix of growth equity provided by ECP and debt from commercial banks. ABC… Read More